Growing Nigeria's Commodities Exchange

AFEX Nigeria Commodities Exchange

The AFEX Nigeria Commodities Exchange, created to provide a national trading platform and develop a supply chain network for select commodities, recently hosted a risk management and commodities trading seminar in Abuja. CNBC Africa's Wole Famurewa spoke to Ayodeji Balogun, Country Manager AFEX Commodities Exchange and discussed a range of issued relating to the growth of the exchange in Nigeria.

Osinbajo - Farmers Most Important in Today's Nigeria

Vice President Prof. Yemi Osinbajo

Farmers are among the most important people in Nigeria today, the Vice President Yemi Osinbajo has said.

He spoke at the Presidential Villa in Abuja yesterday at a meeting with a delegation of the Rice Farmers Association of Nigeria as well as Wheat Farmers Association of Nigeria.

Customs seize N26.41m smuggled poultry,rice

Customs

The Federal Operations Unit Zone A of the Nigeria Customs Service has impounded 1,499 bags of 50kg rice and 3,071 cartons of smuggled frozen poultry at the Iteku Waterside, Ogun State.

In Benin, a new stove turns rice waste into clean fuel

FAO

COTONOU, Benin (Thomson Reuters Foundation) – Naman Abibate’s business is hard to miss. A towering pile of neatly arranged logs, collected by her husband from a forest near their village home, sits at the side of the busy Cotonou-to-Niger highway, north of Benin.

Presidency Has Clear Direction On Food Production, Says Osinbajo

Vice President Prof. Yemi Osinbajo

Vice President Prof. Yemi Osinbajo, has stated that the present administration's commitment to achieve self-sufficiency in food production and diversifying the nation's economy.

Cassava for beer: An opportunity for farmers

Members of Agaaliawamu Cassava Processing and Marketing Cooperative in Nakasongola learn how to slice cassava into chips, which is then dried and processed into cassava flour, which is used in brewing beer

Godfrey Ssekaboga, a farmer in Nakasongola District, has been growing cassava since 1998. In 2002, he started growing the Nase variety, an improved cassava developed at National Crop Resources Research Institute, Namulonge.

“Again, Tuta Absoluta Attacks Nigerian Tomato”

Nigerian Tomato

Any cursory follower of contemporary activities within the Nigerian agricultural space will notice the ’emergency level’ scarcity of tomato across the country.

Investors Stake N48m On Agric Stocks

Nigerian Stock Exchange

With agriculture sector becoming more active, investors on the floor of the Nigerian Stock Exchange (NSE), have started looking towards the sector as they invested N48 million in one week.

Zimbabweans Make Thriving Farm On Abandoned Land

Albert Chinhanga, one of the N7 Farmers.

Land-owner on N7 bet them that it was unprofitable. Five Zimbabwean men have been successfully growing crops on land abandoned as unprofitable in Malmesbury. The landowner, N7 Meat, gave up farming crops on the land, claiming losses of over R1 million.

Rice Production: Guinea Donates 12 High Yielding Seed Varieties To Nigeria

Rice seed

The federal government’s determination to diversify her mono economy from crude oil to Agriculture and other sectors has received a boost with the Republic of Guinea donating twelve (12) high yielding varieties of rice seeds to increase rice production in Nigeria.